SpeakAsians

The case of Speak Asia, the online survery company which is at the centre of a huge scam, is set to come up before the Supreme Court on Monday. Some of the investors have approached the court. Surprisingly many of them are expressing faith in the firm and are asking the government agencies to remove the freeze on the accounts of these firms.
However, for millions like Solomon James, the apex court is the only option left to retrieve their money from the now tainted online survey company.
Solomon James said, "We are saying that if the company wants to return our funds, they must be allowed to do so."
The scam first hit headlines earlier this year when BJP's Maharasthra leader Kirit Somaiya blew the whistle.
The Singapore based company claimed to be conducting online surveys for popular brands in India, a claim which was later denied by some of the brands. The company was collecting Rs 11000 from individuals promising them huge returns over a period of time. It was this contradiction that had led to the arrest of COO of Speak Asia, Tarak Bajpayee, and seven others.
When contacted, Speak Asia CEO Manoj Kumar said, "We have always mantained that we have been making attempts and will continue to make attempts to fulfil all our obligations towards the panelist."
Government agencies are on an overdrive to figure out the source of funding for Speak Asia but no clear cut answers are emerging on that front so far.
CNN-IBN

Justice Samudrala Govindarajulu of the Andhra Pradesh High Court on Tuesday dismissed the bail petitions of the Speak Asia Online Pvt Ltd director, Rajiv Melhotra, and four of its employees. The CID of AP registered a case against the company for running a business of money circulation in India without any authorization or licence. The CID in its FIR alleged that the company has so far collected more than Rs 2,200 crore from Indian citizens out of which over Rs 600 crore has been transferred to Singapore.
The company moved the High Court against the FIR, but the court dismissed its plea and also vacated the stay on the arrest of the directors, representatives, officials and employees of the company. Apprehending an arrest in view of the dismissal of their quash petition, the director and four of the company employees filed anticipatory bail petitions.
The prosecution opposed the bail petitions contending that the arrest of the company director and other accused will help the investigation to unearth the quantum of funds collected by the company from the public.
Two weeks for Gali on CBI plea
Justice Raja Elango on Tuesday granted two weeks time to Gali Janardhan Reddy and his brother Srinivas Reddy to respond to a plea by the CBI challenging the order of a CBI court that refused the application of the investigating agency to extend the custody of the duo to continue its interrogation in illegal mining case. On September 13 the special court granted six days custody of the brothers to the CBI which elapsed on September 19. Then the CBI sought extension of the custody and the special court rejected its application.
The CBI contended that it has at least one more week of custody of the duo to get more details of various aspects of the illegal mining case. The CBI told the judge that it had sought 15 days custody, but the lower court granted only six days, which is not sufficient to elicit information from the accused.
HCA plea in HC adjourned
Justice Raja Elango on Tuesday adjourned the plea of the Hyderabad Cricket Association to Thursday. The HCA challenged the order of the ACB Court to probe into its affairs. Mr Shivlal Yadav, Mr Arshad Ayub and other HCA office bearers challenged the ACB Court order.

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